SAS has announced overall revenue of $1.18 billion for 2002, a 4.4% increase.
ObjectStar International, a provider of business integration software, has received a multimillion-dollar investment from the Investcorp Technology Ventures Fund.
Business intelligence and corporate performance management group Cognos`s net income for fiscal 2003 surged by 277% to $73.1 million. The group has also reported record revenue for the year.
CCI Holdings says its future depends on the success of talks aimed at restructuring its long-term debt.
LG Premium Service Centre Launch
LG South Africa has launched its premium service centre in Midrand, Johannesburg. The centre aims to make it easy for LG customers to get their LG appliances fixed directly with LG.
Cognos has announced fourth quarter revenue of $163.7 million, up from $142.8 million for the comparative quarter last year.
Distribution powerhouse Sahara has confirmed it is in talks to buy the computer products group of Arrow Altech Distribution.
Last week saw some local companies post good financial results.
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking
Primedia is to sell its interest in UK-based fulfilment and telephony company Spark Response in a deal that will cut the group`s short-term debt by R22 million.
Technology group IST`s operating profit increased 54% to R26.1 million in the year to February, despite a turnover increase of only 7.5% to R300.32 million.
JSE-listed Jasco`s share surged 15% yesterday after the telecommunications and electronics group reported an increase in full-year attributable earnings of 80%.
Top business technology headlines 20 - 26 February 2022
A summary of the top business technology stories shared by ITWeb between 20 - 26 February 2022. Visit www.itweb.co.za for more news. #ITWebCloudDatacentresummit2022 #newsvideo #Fraudcases
JSE-listed FrontRange`s stake in US-based FrontRange Solutions has increased from 84% to 95% after the US company bought back the 11.4% stake held in it by failed Peregrine Systems.
Business solutions provider Enterprise Outsourcing Holdings (EOH) has reported continued growth in its interim six months to end-January.
EOH has announced a net profit of R7.2 million for the six months ending 31 January.